Friday, August 5, 2011
In our monthly update on how many jobs have to be created by the end of Obama’s potential second term, when accounting for the 90K per month natural growth in the labor pool, we now get a new record of 256K jobs per month, up from 254K last month. In other words, to regain all the losses in the labor force since the December 2007 start of the great depression, which at this point are 10,596,000 when adding the 3,870,000 growth in the labor force over that period together with the 6,726,000 cumulative jobs lost, somehow America needs to add 16,356,500 jobs over the next 64 months. Good luck America.
This article was posted: Friday, August 5, 2011 at 7:56 am